AL - Air Lease Corp Stock Price, Fair Value and News

48.87USD-0.23 (-0.47%)Market Closed

Market Summary

USD48.87-0.23

Market Closed

-0.47%

AL Stock Price

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AL RSI Chart

AL Valuation

Market Cap

5.4B

Price/Earnings (Trailing)

9.33

Price/Sales (Trailing)

2.01

EV/EBITDA

9.6

Price/Free Cashflow

3.9

AL Price/Sales (Trailing)

AL Profitability

EBT Margin

26.94%

Return on Equity

8.07%

Return on Assets

1.89%

Free Cashflow Yield

25.61%

AL Fundamentals

AL Revenue

Revenue (TTM)

2.7B

Rev. Growth (Yr)

4.27%

Rev. Growth (Qtr)

-7.43%

AL Earnings

Earnings (TTM)

583.3M

Earnings Growth (Yr)

-24.3%

Earnings Growth (Qtr)

-55.92%

Breaking Down AL Revenue

Last 7 days

-5.2%

Last 30 days

0.7%

Last 90 days

18.1%

Trailing 12 Months

28.3%

How does AL drawdown profile look like?

AL Financial Health

Debt/Equity

2.69

Debt/Cashflow

0.09

AL Investor Care

Dividend Yield

1.66%

Dividend/Share (TTM)

0.81

Shares Dilution (1Y)

0.32%

Diluted EPS (TTM)

4.96

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	2.7B	0	0	0
2023	2.4B	2.5B	2.6B	2.7B
2022	2.2B	2.3B	2.3B	2.3B
2021	2.0B	1.9B	2.0B	2.1B
2020	2.1B	2.1B	2.1B	2.0B
2019	1.8B	1.8B	1.9B	2.0B
2018	1.5B	1.6B	1.6B	1.7B
2017	1.4B	1.5B	1.5B	1.5B
2016	1.3B	1.3B	1.4B	1.4B
2015	1.1B	1.1B	1.2B	1.2B
2014	913.0M	961.4M	1.0B	1.1B
2013	715.2M	764.9M	805.9M	858.7M
2012	414.1M	497.9M	580.7M	655.7M
2011	128.0M	197.6M	267.1M	336.7M
2010	0	0	0	58.4M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Air Lease Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 03, 2024	milton robert a	acquired	-	-	2,528	-
May 03, 2024	krongard cheryl gordon	acquired	-	-	2,528	-
May 03, 2024	larsen marshall o	acquired	-	-	2,528	-
May 03, 2024	saines ian m	acquired	-	-	2,528	-
May 03, 2024	mccaw susan	acquired	-	-	2,528	-
May 03, 2024	clark yvette hollingsworth	acquired	-	-	2,528	-
May 03, 2024	hart matthew j	acquired	-	-	2,528	-
Mar 15, 2024	levy grant a	sold	-351,165	46.822	-7,500	evp
Mar 15, 2024	khatibi alex a	sold	-530,447	47.3656	-11,199	evp
Mar 05, 2024	khatibi alex a	sold	-482,740	43.1095	-11,198	evp

Which funds bought or sold AL recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 10, 2024	PNC Financial Services Group, Inc.	added	39.55	369,255	888,137	-%
May 10, 2024	LPL Financial LLC	added	14.42	362,371	1,260,770	-%
May 10, 2024	JPMORGAN CHASE & CO	added	2.47	78,091,100	382,117,000	0.03%
May 10, 2024	Greenland Capital Management LP	new	-	617,280	617,280	0.07%
May 10, 2024	COOKE & BIELER LP	reduced	-1.59	12,327,500	71,884,500	0.66%
May 10, 2024	DIMENSIONAL FUND ADVISORS LP	reduced	-1.3	60,346,700	347,007,000	0.09%
May 10, 2024	CITIGROUP INC	added	578	2,681,170	3,047,510	-%
May 10, 2024	Covestor Ltd	reduced	-1.52	51,000	302,000	0.19%
May 10, 2024	TD Waterhouse Canada Inc.	unchanged	-	11,877	57,696	-%
May 10, 2024	PREVAIL INNOVATIVE WEALTH ADVISORS, LLC	sold off	-100	-2,271,140	-	-%

Are Funds Buying or Selling AL?

Are funds buying AL calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own AL

No. of Funds

Unveiling Air Lease Corp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Apr 10, 2024	vanguard group inc	11.29%	12,578,106	SC 13G/A
Apr 05, 2024	blackrock inc.	12.4%	13,862,881	SC 13G/A
Mar 22, 2024	millennium management llc	0.2%	241,431	SC 13G
Feb 13, 2024	vanguard group inc	9.16%	10,173,457	SC 13G/A
Feb 09, 2024	dimensional fund advisors lp	6.2%	6,835,595	SC 13G/A
Jan 31, 2024	blackrock inc.	5.2%	5,718,508	SC 13G/A
Jan 08, 2024	jpmorgan chase & co	6.5%	7,256,316	SC 13G
Jan 05, 2024	udvar-hazy steven f	5.23%	5,811,047	SC 13G/A
Feb 13, 2023	capital international investors	4.4%	4,860,706	SC 13G/A
Feb 10, 2023	dimensional fund advisors lp	6.0%	6,652,299	SC 13G/A

Recent SEC filings of Air Lease Corp

View All Filings

Date Filed	Form Type	Document
May 09, 2024	8-K	Current Report
May 07, 2024	4	Insider Trading
May 07, 2024	8-K	Current Report
May 07, 2024	4	Insider Trading
May 07, 2024	4	Insider Trading
May 07, 2024	4	Insider Trading
May 07, 2024	4	Insider Trading
May 07, 2024	4	Insider Trading
May 07, 2024	4	Insider Trading
May 06, 2024	10-Q	Quarterly Report

Peers (Alternatives to Air Lease Corp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
ADP	101.4B	18.9B	1.62%	16.48%	27.42	5.36	7.08%	13.46%
CTAS	70.0B	9.4B	3.28%	45.52%	46.59	7.44	9.34%	15.98%
CPRT	52.5B	4.1B	-1.43%	33.44%	38.7	12.93	10.52%	25.37%
EFX	30.3B	5.4B	-0.91%	20.00%	54.23	5.65	5.76%	-4.95%
BAH	19.7B	10.3B	5.36%	63.50%	48.12	1.91	13.90%	-5.05%
ALLE	11.0B	3.6B	-1.33%	15.65%	20.33	3.04	4.33%	10.69%
MID-CAP
RHI	7.5B	6.2B	-1.22%	6.13%	21.17	1.21	-13.83%	-42.32%
AL	5.4B	2.7B	0.66%	28.27%	9.33	2.01	15.08%	16.51%
SRCL	4.3B	2.6B	-5.66%	7.32%	-221.11	1.63	-3.11%	-123.81%
ABM	2.9B	8.2B	5.10%	5.56%	11.25	0.35	3.98%	33.49%
SMALL-CAP
AZZ	1.9B	2.7B	-1.85%	114.40%	18.91	0.71	104.63%	188.16%
ALTG	283.4M	1.9B	-30.94%	-41.48%	31.84	0.15	15.20%	-4.30%
ARC	119.2M	283.1M	4.94%	-5.15%	13.62	0.42	-0.83%	-20.92%
AQMS	54.9M	1.1M	-12.50%	-52.88%	-2.29	49.78	336.95%	-55.13%
AWX	9.1M	81.0M	2.64%	-10.38%	-8.25	0.11	-4.98%	-14.33%

Air Lease Corp News

Latest updates

Air Lease Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-7.4%	663	717	659	673	636	602	561	558	597	597	525	492	475	489	494	521	511	549	531	471	466
Operating Expenses	17.3%	528	450	494	509	478	421	423	413	1,198	409	390	377	371	351	340	337	340	342	337	311	291
S&GA Expenses	-4.1%	48.00	50.00	43.00	46.00	48.00	46.00	40.00	39.00	33.00	41.00	31.00	27.00	27.00	21.00	20.00	27.00	28.00	31.00	35.00	28.00	30.00
EBITDA Margin	-0.7%	0.94*	0.94*	0.93*	0.93*	0.93*	0.59*	0.58*	0.58*	0.57*	0.93*	0.94*	0.94*	-	-	-	-	-	-	-	-	-
Interest Expenses	6.4%	195	183	175	186	165	148	136	132	130	130	127	126	130	125	118	113	118	117	114	106	98.00
Income Taxes	-39.4%	27.00	45.00	33.00	32.00	30.00	35.00	27.00	29.00	-132	37.00	27.00	21.00	19.00	27.00	33.00	36.00	35.00	41.00	38.00	32.00	37.00
Earnings Before Taxes	-49.2%	135	266	165	164	158	180	138	145	-601	188	135	115	104	138	153	184	172	206	194	161	175
EBT Margin	-4.0%	0.27*	0.28*	0.26*	0.26*	0.26*	-0.06*	-0.06*	-0.06*	-0.07*	0.26*	0.25*	0.26*	-	-	-	-	-	-	-	-	-
Net Income	-55.9%	97.00	221	132	132	129	145	110	116	-468	152	107	93.00	84.00	107	120	148	137	161	152	124	138
Net Income Margin	-6.0%	0.22*	0.23*	0.21*	0.21*	0.21*	-0.04*	-0.04*	-0.04*	-0.05*	0.21*	0.20*	0.21*	-	-	-	-	-	-	-	-	-
Free Cashflow	-32.3%	247	365	322	461	295	370	213	380	202	396	251	308	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	1.5%	30,912	30,452	29,672	29,758	29,363	28,397	28,224	27,646	26,875	26,969	27,015	25,756	25,189	25,215	23,605	22,994	22,682	21,709	21,610	20,484	19,179
Cash Equivalents	20.6%	556	461	512	577	690	766	1,117	1,034	1,512	1,108	1,894	1,233	1,352	1,758	1,262	942	753	338	336	288	298
Liabilities	1.7%	23,681	23,292	22,711	22,905	22,619	21,750	21,696	21,207	20,505	19,960	20,431	19,254	18,761	19,143	17,627	17,124	16,946	16,086	16,148	15,184	14,005
Long Term Debt	1.5%	19,480	19,183	18,646	18,896	19,448	18,641	18,769	18,336	17,825	17,022	17,617	16,540	16,167	16,518	15,180	14,639	14,415	13,579	13,752	12,859	11,870
Shareholder's Equity	1.0%	7,232	7,160	6,961	6,853	6,745	6,646	6,528	6,440	6,370	7,009	6,584	6,502	6,428	6,072	5,977	5,870	5,736	5,624	2,759	0.00	2,717
Retained Earnings	1.9%	3,944	3,870	3,683	3,583	3,483	3,387	3,274	3,195	3,109	3,610	3,489	3,407	3,340	3,278	3,189	3,089	2,962	2,846	2,702	2,565	2,455
Additional Paid-In Capital	0.0%	3,286	3,287	3,276	3,267	3,259	3,256	3,250	3,244	3,259	3,399	3,096	3,095	3,088	2,793	2,788	2,782	2,776	2,778	2,759	2,734	2,717
Shares Outstanding	0.2%	111	111	111	111	111	112	112	112	114	114	114	114	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	4,300	-	-	-	3,500	-	-	-	4,500	-	-	-	3,100	-	-	-	4,300	-

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-20.1%	371	465	401	532	348	424	270	434	255	447	327	368	234	373	249	234	234	421	315	395	261
Share Based Compensation	-26.7%	8.00	11.00	9.00	9.00	6.00	6.00	6.00	7.00	-2.52	8.00	7.00	7.00	5.00	3.00	7.00	4.00	4.00	6.00	5.00	6.00	4.00
Cashflow From Investing	43.2%	-630	-1,109	-253	-142	-1,273	-688	-695	-1,399	-620	-944	-749	-851	-549	-1,176	-447	-230	-672	-283	-1,223	-1,442	-894
Cashflow From Financing	-41.0%	350	594	-212	-511	846	-71.93	509	488	770	-288	1,083	364	-90.18	1,300	519	185	854	-135	956	1,037	608
Dividend Payments	5.0%	23.00	22.00	22.00	22.00	22.00	21.00	21.00	21.00	21.00	18.00	18.00	18.00	18.00	17.00	17.00	17.00	17.00	15.00	15.00	14.00	14.00
Buy Backs	-	-	-	-	-	-	-	0.00	20.00	130	-	6.00	-	-	-	-	-	-	-	-	-	-

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AL Income Statement

2024-03-31

CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenues
Rental of flight equipment	$ 614,329	$ 617,773
Revenue from Contract with Customer, Product and Service [Extensible Enumeration]	Aircraft Sales, Trading And Other [Member]	Aircraft Sales, Trading And Other [Member]
Aircraft sales, trading and other	$ 48,981	$ 18,369
Total revenues	663,310	636,142
Expenses
Interest	181,595	151,613
Amortization of debt discounts and issuance costs	13,108	13,073
Interest expense	194,703	164,686
Depreciation of flight equipment	277,260	259,680
Selling, general and administrative	47,743	47,614
Stock-based compensation expense	8,275	5,896
Total expenses	527,981	477,876
Income before taxes	135,329	158,266
Income tax expense	(27,463)	(29,546)
Net income	107,866	128,720
Preferred stock dividends	(10,425)	(10,425)
Net income/(loss) attributable to common stockholders, basic	97,441	118,295
Net income/(loss) attributable to common stockholders, diluted	97,441	118,295
Other comprehensive income/(loss):
Foreign currency translation adjustment	18,444	(830)
Change in fair value of hedged transactions	(19,860)	148
Total tax benefit on other comprehensive income/loss	303	146
Other comprehensive income/(loss), net of tax	(1,113)	(536)
Total comprehensive income attributable for common stockholders	$ 96,328	$ 117,759
Earnings per share of common stock:
Basic (in dollars per share)	$ 0.88	$ 1.07
Diluted (in dollars per share)	$ 0.87	$ 1.06
Weighted-average shares of common stock outstanding
Basic (in shares)	111,174,593	110,943,552
Diluted (in shares)	111,529,770	111,199,996
Dividends declared per share of common stock (in dollars per share)	$ 0.21	$ 0.20

AL Balance Sheet

2024-03-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets
Cash and cash equivalents	$ 554,373	$ 460,870
Restricted cash	1,552	3,622
Flight equipment subject to operating leases	32,273,883	31,787,241
Less accumulated depreciation	(5,729,380)	(5,556,033)
Flight equipment subject to operating leases, net	26,544,503	26,231,208
Deposits on flight equipment purchases	1,088,363	1,203,068
Other assets	2,723,644	2,553,484
Total assets	30,912,435	30,452,252
Liabilities and Shareholders’ Equity
Accrued interest and other payables	1,160,132	1,164,140
Debt financing, net of discounts and issuance costs	19,479,961	19,182,657
Security deposits and maintenance reserves on flight equipment leases	1,594,069	1,519,719
Rentals received in advance	138,181	143,861
Deferred tax liability	1,308,221	1,281,837
Total liabilities	23,680,564	23,292,214
Shareholders’ Equity
Preferred Stock, $0.01 par value; 50,000,000 shares authorized; 10,600,000 (aggregate liquidation preference of $850,000) shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively	106	106
Paid-in capital	3,286,122	3,287,234
Retained earnings	3,943,867	3,869,813
Accumulated other comprehensive income	662	1,775
Total shareholders’ equity	7,231,871	7,160,038
Total liabilities and shareholders’ equity	30,912,435	30,452,252
Class A Common Stock
Shareholders’ Equity
Common stock	1,114	1,110
Class B Non‑Voting Common Stock
Shareholders’ Equity
Common stock	$ 0	$ 0

About Air Lease Corp

Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of commercial jet aircraft to airlines worldwide. It also sells aircraft from its fleet to third parties, including other leasing companies, financial services companies, airlines, and other investors. In addition, the company provides fleet management services to investors and owners of aircraft portfolios. As of December 31, 2022, it owned a fleet of 417 aircraft, including 306 narrowbody aircraft and 111 widebody aircraft. The company was incorporated in 2010 and is headquartered in Los Angeles, California.

CEO	Mr. John L. Plueger
WEBSITE	airleasecorp.com
INDUSTRY	Information Technology Services
EMPLOYEES	151

Air Lease Corp Frequently Asked Questions

What is the ticker symbol for Air Lease Corp? What does AL stand for in stocks?

AL is the stock ticker symbol of Air Lease Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Air Lease Corp (AL)?

As of Mon May 13 2024, market cap of Air Lease Corp is 5.44 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of AL stock?

You can check AL's fair value in chart for subscribers.

What is the fair value of AL stock?

You can check AL's fair value in chart for subscribers. The fair value of Air Lease Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Air Lease Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for AL so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Air Lease Corp a good stock to buy?

The fair value guage provides a quick view whether AL is over valued or under valued. Whether Air Lease Corp is cheap or expensive depends on the assumptions which impact Air Lease Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for AL.

What is Air Lease Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Mon May 13 2024, AL's PE ratio (Price to Earnings) is 9.33 and Price to Sales (PS) ratio is 2.01. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. AL PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Air Lease Corp's stock?

In the past 10 years, Air Lease Corp has provided 0.035 (multiply by 100 for percentage) rate of return.